ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

DEFINITION OF ENTREPRENEURSHIP

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following terms BEST describes an Entrepreneur?
A
Lazy
B
Problem solving
C
Cautious
D
None of the above
Explanation: 

Detailed explanation-1: -Entrepreneurial problem solving is the process of using innovation and creative solutions to close that gap by resolving societal, business, or technological problems. Sometimes, personal problems can lead to entrepreneurial opportunities if validated in the market.

Detailed explanation-2: -Answer and Explanation: The correct answer is B. An entrepreneur is defined as an individual who creates and funds a new business and continues to bear the risks incurred during the business operations while enjoying the rewards.

Detailed explanation-3: -Problem-solving involves identifying an issue, finding causes, asking questions and brainstorming solutions. Gathering facts helps make the solution more obvious. Decision-making is the process of choosing a solution based on your judgment, situation, facts, knowledge or a combination of available data.

There is 1 question to complete.